By Duggan Flanakin ~
Many have been saying for years that subsidies for zero emissions (electric) vehicles pose unfair burdens on working Americans. Subsidizing (and mandating) an unwanted switch away from internal combustion vehicles (ICVs) while imposing diktats that have brought higher gasoline prices and record inflation also seems out of kilter with the widely championed tenet of equity.
But the lack of equity is not even the chief reason for ending EV subsidies, according to a new Manhattan Institute report from economist Jonathan A. Lesser, president of Continental Economics. “There is no economic basis for the billions of dollars spent subsidizing [the newest zero emission vehicles].”
Lesser says that new ICVs today emit very little pollution, thanks to stringent emission standards and low-sulfur gasoline, and they will emit even less in the future. Moreover, ZEVs charged with the forecast mix of electric generation will emit more criteria air pollutants…
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